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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 10,716 $ 7,583
Short-term deposits 6,309 6,627
Trade accounts receivable, less allowance for expected credit losses of $214 and $217, respectively 10,083 9,804
Other receivables 1,089 939
Inventories, less provision for obsolete inventories of $669 and $648, respectively 2,742 2,151
Prepaid expense and other current assets 577 694
Assets held for sale 0 274
Financed sales receivable 0 16
Restricted term deposits 754 739
Total current assets 32,270 28,827
NON-CURRENT ASSETS:    
Deferred tax assets 117 100
Investment properties, net 433 474
Property, plant and equipment, net 6,081 8,344
Operating lease right-of-use assets 2,277 2,609
Other assets 149 116
Restricted term deposits 1,760 1,716
Total non-current assets 10,817 13,359
TOTAL ASSETS 43,087 42,186
CURRENT LIABILITIES:    
Accounts payable 2,406 1,660
Accrued expense 3,904 4,291
Contract liabilities 1,499 1,277
Income taxes payable 328 418
Current portion of bank loans payable 308 475
Current portion of finance leases 56 107
Current portion of operating leases 1,295 1,098
Total current liabilities 9,796 9,326
Bank loans payable, net of current portion 676 877
Finance leases, net of current portion 10 42
Operating leases, net of current portion 982 1,511
Income taxes payable, net of current portion 141 255
Deferred tax liabilities 3 10
Other non-current liabilities 27 594
Total non-current liabilities 1,839 3,289
TOTAL LIABILITIES 11,635 12,615
EQUITY    
Common stock, no par value, 15,000,000 shares authorized; 4,210,305 and 4,096,680 shares issued outstanding as at March 31, 2024 and June 30, 2023, respectively 13,194 12,819
Paid-in capital 5,494 5,066
Accumulated retained earnings 11,570 10,763
Accumulated other comprehensive income-translation adjustments 984 758
Total Trio-Tech International shareholders’ equity 31,242 29,406
Non-controlling interest 210 165
TOTAL EQUITY 31,452 29,571
TOTAL LIABILITIES AND EQUITY $ 43,087 $ 42,186